Twitter and Alibaba Enter Global AI Race
In the rapidly evolving world of technology, artificial intelligence (AI) has become a focal point for many companies. Twitter and Alibaba have reportedly joined the global AI race by integrating the technology into their businesses. Twitter plans to use AI to “detect and highlight manipulation of public opinion,” while Alibaba is developing its own chatbot assistant called Tongyi Qianwen.
Meanwhile, the co-founders of cryptocurrency exchange Gemini, Tyler and Cameron Winklevoss, have funded their business with a $100 million personal loan. The move comes after previous attempts to raise capital from external investors failed. The Winklevoss brothers are funding Gemini amid regulatory scrutiny in the US, including charges from the Securities and Exchange Commission related to the exchange’s Earn program.
In addition, MetaMask has launched a new feature that allows users to buy cryptocurrency with fiat currency directly from the Portfolio Dapp. The service is available in over 189 countries and accepts debit and credit cards, PayPal, wire transfers and instant ACH. MetaMask claims the service follows local regulations and takes into account the user’s location.
The integration of AI into businesses is not without controversy. Twitter CEO Elon Musk, who recently bought nearly 10,000 graphics processing units (GPUs) for the platform, previously spearheaded a letter calling for a halt to advanced AI development due to societal concerns. However, many companies see the potential benefits of AI and are investing heavily in the technology.
In the cryptocurrency world, the Winklevoss brothers’ loan to Gemini underscores the challenges exchanges face in a volatile market and under regulatory scrutiny. However, the loan also highlights the commitment of entrepreneurs to build a successful business in the face of adversity.
Meanwhile, MetaMask’s new feature for buying cryptocurrency with fiat currency is a welcome addition for many users who find it challenging to navigate the complex world of cryptocurrency exchanges. The service’s availability in over 189 countries and its acceptance of a wide range of payment methods make it an attractive option for those looking to invest in cryptocurrency.
Finally, Alibaba’s entry into the AI race with its chatbot assistant underscores the company’s commitment to innovation and its vast ecosystem of tech companies. As the world becomes increasingly dependent on technology, the integration of artificial intelligence into businesses is likely to continue to be a significant trend. However, businesses must balance the potential benefits of AI with the societal concerns surrounding the technology.
